Pradhan Mantri Shram Yogi Maandhan Yojana is a government initiative aimed at providing social security to unorganized sector workers in India. This scheme targets workers in the age group of 18 to 40 years who earn a monthly income below a certain threshold.
What are the key features of the scheme?
Under this scheme, eligible beneficiaries will receive a monthly pension after attaining the age of 60. To enroll in the scheme, individuals need to contribute a certain amount towards the pension fund. The government also contributes an equal amount to the fund, ensuring financial security for the beneficiaries in their old age.
How does the scheme benefit the unorganized sector workers?
Many workers in the unorganized sector do not have access to formal social security schemes. Pradhan Mantri Shram Yogi Maandhan Yojana aims to bridge this gap by providing a pension to these workers after they retire. This financial support can help them lead a dignified life post-retirement.
What is the enrollment process for the scheme?
To enroll in the scheme, eligible individuals need to visit their nearest Common Service Center (CSC) or Pension Fund Manager's office. They will have to provide necessary documents such as Aadhaar card, bank account details, and income certificate. Once enrolled, they will start receiving the benefits of the scheme.
What are the benefits of Pradhan Mantri Shram Yogi Maandhan Yojana?
One of the key benefits of this scheme is the financial security it provides to unorganized sector workers in their old age. The monthly pension can help them meet their basic needs and lead a comfortable life. Additionally, the scheme also promotes the culture of saving among the beneficiaries.
Overall, Pradhan Mantri Shram Yogi Maandhan Yojana is a significant step towards ensuring social security for unorganized sector workers in India. By enrolling in this scheme, individuals can secure their future and enjoy a stable income post-retirement.